WeWork Goes Bankrupt, Capping Co-Working Company's Downfall

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by pclmulqdq on Tuesday November 07, 2023 @02:11AM (#38174048)

I somehow think that Horowitz wouldn't want to hear my honest evaluation of Adam Neumann: He found a set of idiots with money (chiefly Andreesen Horowitz and Softbank) and saw them making dumb trades, so he found a way to put himself on the other side of those trades. To do this, he constructed an "audacious" but ultimately fundamentally dumb business that he could wrap in VC shibboleths, whose principal goal was to collect VC money and funnel it into his pocket. In a way, he is a brilliant exploiter of people like Horowitz.

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Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by shalmanese on Tuesday November 07, 2023 @03:03AM (#38174331)

I mean, if he fails his own test, that’s his problem but the test is the correct one.

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Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by socketcluster on Tuesday November 07, 2023 @07:57AM (#38176221)

Agreed. Anyone can create a company which raises a ton of money and feeds 90% of it back to itself as revenue.

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Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by pclmulqdq on Tuesday November 07, 2023 @11:03AM (#38178440)

I don't think that anyone can do this, at all. I think there's a totally different skillset than it takes to actually run a business than to get money from VCs, and by stripping away the need for that skillset, Adam Neumann really perfected his VC grift game. That doesn't mean that he wasn't exceptionally skilled at it.

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